News articles about Allison Transmission Holdings (NASDAQ:ALSN) have trended positive this week, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allison Transmission Holdings earned a news impact score of 0.35 on AlphaOne’s scale. AlphaOne also gave media stories about the auto parts company an impact score of 93 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Alpha One’s scoring:
- 13D Filing: Ashe Capital and Allison Transmission Holdings Inc (ALSN) (feedproxy.google.com)
- ALLISON TRANSMISSION HOLDINGS, INC. (NYSE:ALSN) Files An 8-K Submission of Matters to a Vote of Security Holders (4-traders.com)
- Allison Transmission Holdings, Inc. : ALSN-US: Dividend Analysis : May 22nd, 2017 (record date) : By the numbers : May 18, 2017 (finance.yahoo.com)
- The Caldwell & Orkin Inc. Invests $941000 in Allison Transmission Holdings Inc (ALSN) – BangaloreWeekly (bangaloreweekly.com)
- Allison Transmission Holdings, Inc. (ALSN) Ex-Dividend Date Scheduled for May 18, 2017 – Nasdaq (nasdaq.com)
Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Deutsche Bank AG upped their price objective on shares of Allison Transmission Holdings from $43.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Goldman Sachs Group Inc downgraded shares of Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a report on Monday, February 27th. Piper Jaffray Companies set a $30.00 price objective on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a report on Thursday, April 27th. Finally, Barclays PLC upped their price objective on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Allison Transmission Holdings presently has an average rating of “Buy” and an average target price of $37.89.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded up 1.44% during midday trading on Friday, reaching $37.34. 692,992 shares of the company’s stock were exchanged. Allison Transmission Holdings has a 1-year low of $26.36 and a 1-year high of $40.02. The firm has a 50-day moving average of $36.80 and a 200-day moving average of $34.94. The company has a market capitalization of $5.68 billion and a PE ratio of 24.84.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.17. The firm had revenue of $499 million during the quarter, compared to the consensus estimate of $461.76 million. Allison Transmission Holdings’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts expect that Allison Transmission Holdings will post $1.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, May 18th.
In related news, SVP Randall R. Kirk sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $38.59, for a total value of $279,005.70. Following the transaction, the senior vice president now owns 72,085 shares in the company, valued at $2,781,760.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Randall R. Kirk sold 6,854 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $35.82, for a total value of $245,510.28. Following the completion of the transaction, the senior vice president now owns 67,149 shares in the company, valued at approximately $2,405,277.18. The disclosure for this sale can be found here.
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About Allison Transmission Holdings
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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